All Financial wellbeing articles – Page 62
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OpinionLee McIntyre-Hamilton: National insurance rise causes concern among employers
Given the sizable budget deficit and the demands of the NHS and social care, it will be no surprise to many that taxes are set to increase with the new 1.25% health and social care levy. However, the timing and nature of the rise has rightly caused grave concern among ...
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Article27% of retiring staff fail to understand income options
More than a quarter (27%) of employees approaching retirement admit that they need help understanding their income options, according to a new survey.Vital Research carried out the study on behalf of financial wellbeing and retirement specialist Wealth at Work, speaking to 1,320 UK employed adults aged over 50, and found ...
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Article71a gives staff pay rise after national insurance hike
Gloucestershire, UK-based digital marketing business 71a has announced it will give its entire workforce a pay rise following the news that national insurance (NI) will increase by 1.25% next April.Edward Newman, who founded the start-up in 2019, promised his six full-time members of staff a pay augmentation next April in ...
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Article25% of workers do not have a workplace pension
A quarter of workers (25%) do not have a workplace pension, with another 5% saying they have no idea whether they have one or not, according to research conducted by the Pensions and Lifetime Savings Association (PLSA).The survey of 2,075 workers, carried out by Yonder Consulting, also revealed that one ...
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ArticleCosta Coffee gives staff 5% pay rise
Coffee chain Costa Coffee has announced a 5% pay rise for its 14,500 staff working at its business-owned UK stores.The organisation, which owns 1,500 stores in the UK, while another 1,200 stores are franchise-owned, has awarded employees with this as a way to thank them for their hard work during ...
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ArticleThe top 10 most-read articles between 3 September - 9 September 2021
The top 10 most-read stories on employeebenefits.co.uk between 3 September – 9 September 2021 were: EXCLUSIVE: John Lewis to discuss wellbeing at Employee Benefits Live 2021Monzo recruits Rachel Mooney as chief people officerAmazon offers £50 bonus for being punctual41% of employees report mental heath declineConfessions: Candid revs up for the ...
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ArticleKavitha’s keynote: Benefits can empower employees
This week, I think it’s time to focus on the positives and celebrate employers that have introduced benefits to empower employees and improve their overall wellbeing.Retailer Halfords, for example, launched a platform for staff that helps with financial budgeting, savings and education. Because it is built around a flexible pay ...
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ArticleEXCLUSIVE: Low-cost perks on agenda at Employee Benefits Live
EXCLUSIVE: Emma Brookes, reward and recognition specialist at the University of Salford, and Dr Sabrina Robinson, wellbeing lead of people and transformation at Essex County Council (ECC), will be participating in a panel talk about cost-effective benefits on Wednesday 6 October at Employee Benefits Live 2021.Brookes and Robinson will be ...
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ArticleEXCLUSIVE: Halfords launches staff financial wellbeing services
Automotive and cycling products retailer Halfords has introduced a new initiative for its more than 10,000 team members to build financial resilience and improve wellbeing.Partnering with fintech Wagestream, the range of services, which have been gradually rolled out over the past few weeks and are now live across the business, ...
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ArticleBooker drivers vote for strike action
A group of heavy goods vehicle (HGV) drivers employed by Booker Retail Partners at its site in Thamesmead, south east London, has voted unanimously for strike action over a pay dispute.According to Unite the Union, 40 drivers have “sent out a clear message” with the results of the vote, with ...
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Article41% of employees report mental health decline
New research has found that 41% of employees reported a mental health decline since the beginning of the first lockdown in March last year.This finding, revealed in Nuffield Health’s recently published Healthier nation index, raises questions about how easily the nation will return to normality as lockdown restrictions ease, as ...
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Supplier articleNumis prevents hybrid working staff divide with family support platform
In a bid to remain competitive in attracting new talent and retaining staff, many employers are formalising new ways of work and with the hybrid working revolution in full swing, leading investment banking firm, Numis, recognised a need to support its staff with caring and family responsibilities such that hybrid ...
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Supplier articleWorking from home is not enough to solve the crisis of parents forced out of work
The ability to work from home is not a silver bullet for staff struggling with work-life balance and juggling family responsibilities. According to new research, working from home over the lockdown primarily improved work-life balance for those over the age of 55, while those below retirement age ...
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ArticleWelsh care workers earn less than minimum wage
Care workers are earning less than the minimum wage thanks to a loophole in the law that means they are not paid for time travelling between visits, warned the Labour Party.The party’s deputy leader Angela Rayner has demanded a vote on legislation introduced by Labour’s Liverpool MP Paula Barker that ...
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Article38% of staff won't take legal action against employer
Nearly 40% of UK workers who feel they have reason to take legal action against their employer are deterred by the prospect of victimisation, a survey by law firm Leigh Day has found.According to the poll of more than 2,000 workers, conducted by Censuswide for Leigh Day, only one in ...
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AnalysisHow benefits technology can support the changing saving needs of employees
Need to know:Digital technology is transforming the workplace savings field by giving employees better control of their finances, and access to the support they need to manage them more prudently.When providing employees with financial education, little and often as opposed to information overload is the most effective way of helping ...
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OpinionMartin Upton: Workplace financial education can support employees' savings goals
There have long been concerns about financial capability in the UK and calls for education to help people manage their finances. But should this be provided in the workplace?Clearly there is a demand for this. An Open University survey, published in December 2015, found that 81% of employees would like ...
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Case StudiesCapita supports employees' savings goals with financial wellbeing platform
In November last year, following a successful pilot scheme, Capita rolled out Level, a financial wellbeing and savings platform, to its 37,000 UK employees, most of whom are still working remotely.The platform, which can be accessed via desktop or mobile, offers a range of financial features, including budgeting tools powered ...
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Article50% of part-time staff have a workplace pension
Only half of part-time employees have a workplace pension despite all eligible staff being automatically enrolled into their employer's scheme, a survey has found.Fidelity International asked 2,004 male and female UK part-time workers about their typical income and retirement savings. It discovered that while women and men earn £13,468 and ...
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ArticleLiving wage gives £1.53 billion to low-paid staff
More than £1.53 billion has been awarded to 260,000-plus low-paid workers through the campaign for a real living wage over the past 20 years, according to new research.The Living Wage Foundation and Cardiff Business School carried out the study, which also found that almost three-quarters of businesses paying the real ...